Daily Market Reflection

21st October 2016

COMDEX

Market Outlook
Gold closed higher yesterday as the U.S. dollar remained
moderately challenged by the upcoming US presidential debate
and after the missed U.S. housing-sector data. The yellow metal
extended its gains and white metal closed lower after the
remarkable recovery of Chinas economy. Bullion can continue
its bearish trend in todays session. Base metals traded lower
and Copper was trading lower in low-volume trade. Oil prices fell
on profit-taking after markets rallied due to a draw in U.S. stocks
and an expectation of an OPEC-led cut in production. Crude
may trade lower today.

Fundamental News
Gold prices were trading close to two-week highs on Thursday
after the European Central Bank indicated that it would wait until
December to discuss tapering its asset purchase program, or
the possible horizon at which stimulus might end.
Copper prices drifted lower by 0.34 per cent to Rs 313 per kg in
futures trading today as speculators cut down their positions,
tracking a weak trend at spot market on sluggish demand.

Important Data
Time

Currency

Event

Foreca
st

Previou
s

2:00pm

GBP

Public Sector Net

Borrowing

8.6B

10.1B

6:00pm

CAD

Core CPI m/m

0.2%

0.0%

Core Retail Sales

m/m

0.4%

6.00pm
6.00pm
6.00pm
7:45pm

Market Updates
MCX
Date
19-10-16

GOLD
SILVER
CRUDE
COPPER
$ INDEX

29901
42194
312.05
3472
108.45
133.20
685.80
153.75
210.50
Date
19-10-16
1269.90
17.663
51.82
2.104
97.87

Date
20-1016
29910
41996
311.40
3399
107.70
134.35
675.20
152.35
210.00
Date
20-10-16
1266.50
17.553
50.79
2.095
98.21

USDINR

66.7475

66.8300

GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

-0.1%

+0.03%
-0.47%
-0.21%
-2.10%
-0.69%
+0.86%
-1.55%
-0.91%
-0.24%
% Chg
-0.23%
-0.62%
-2.03%
-0.40%
+0.35%
+0.12%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L

18/1 COPPER
0
Multibagger
CPI m/m
0.2%
-0.2%
CAD
Date Commodity Entry
Exit
18/1 GOLD
29850 29950
Retail Sales m/m
0.5%
-0.1%
0
CAD
Trifid special
Date Commodity Entry
Exit
FOMC Member
USD
Tarullo Speaks
18/1 ALUMINIUM 108.80 107.80
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| Toll Free: 1800-270-1410
0
For our next calls click here..
CAD

% Chg

P/L
10000

P/L
5000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

29800
1265

29600
1250

30100
1275

30300
1285

SILVER

Gold showed sideways movement and found the

important resistance level of 30070. Now if it will close
above the important resistance level of 30100 then
30400 will act as next resistance level. On lower side
29600 will act as vital support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

41800
17.40

41500
17.00

42500
17.80

43000
18

Silver showed bearish movement and found the

important support level of 41820. Now if it will maintain
below its support level of 41800 then 41500 will act as
next support level. On the other hand 42500 will act as
important resistance level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3380

3350

3470

3500

COMEX

50.40

50.00

51.70

52.30

COPPER

Crude showed bearish movement and found the

important support level of 3385. Now if it will maintain
below its support level of 3380 then 3350 will act as
next support level. On the other hand 3465 will act as
important resistance level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

309.50

307

317

320

COMEX

2.0750

2.0525

2.1010

2.1160

Copper showed bearish movement and found the

important support of 310.10. Now if it will break the
support level of 309.50 then 307 will act as next support
level. On the other hand 317 will act as a major
resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

107.15

106.20

108.40

109.20

5434

2859

Bearish

LEAD

133.30

132.20

135

136.10

12538

3752

Bullish

NICKEL

670

650

685

701

21598

16189

Bearish

ZINC

151.20

149.80

153.35

154.70

18321

6145

Bearish

NATURAL GAS

207

203

213

218

68152

6448

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO17/10/2016
LME DATA TODAY
COMMODITIES
14/10/2016

18/10/2016

19/10/2016

20/10/2016

ALUMINIUM

-9950

-6226

+2548

+24751

+36802

COPPER

-1700

-3274

+2201

+2624

-2049

LEAD

-150

-151

+601

+601

-677

NICKEL

-444

+1768

-1195

-8

+1549

ZINC

-525

-248

+102

-277

-374

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Agri Commodity Updates

SOYAREF
Soyaref showed bearish movement and found the
important support of 666. Now if it will break the
support level of 665 then 650 will act as next support
level. On the other hand 677 will act as a major
resistance level.

PIVOTS

S1

S2

R1

R2

662

650

677

690

JEERAUNJHA
Jeeraunjha showed bullish movement and found its
resistance level of 16635. Now on higher side
16650 will act as important resistance level above
which it will pull towards the resistance level of
16880. On lower side bearish movement drags it
towards the support level of 16100.

PIVOTS

S1

S2

R1

R2

16100

15800

16700

16900

SYBEANIDR
Sybeanidr showed bullish movement and found its
resistance level of 3185. Now on higher side 3200
will act as important resistance level above which it
will pull towards the resistance level of 3250. On
lower side bearish movement drags it towards the
support level of 3070.

PIVOTS

S1

S2

R1

R2

3070

3020

3200

3260

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Intraday Super Star

(Premium Section)

CALL: SELL NATURAL GAS BELOW 207 TARGETS 204/201 SL 211

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Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 309.50 TARGETS 306.50/303.50 SL 313.50

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Trifid Special
(Premium Section)

CALL: SELL NICKEL BELOW 672 TARGETS 662/652 SL 686

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